. Experts estimate that hundreds of thousands of jobs will have to be cut in industries that rely on imported steel and aluminum, outnumbering whatever jobs would be gained manufacturing the metals domestically.

Chief executive of the U.S. Chamber of Commerce Tom Donahue wrote a letter to his board of directors on Thursday outlining the damage Trump’s trade policy could do to the economy. If the president ultimately decides to pull out of NAFTA, Donahue estimates as many as 2.6 million jobs could be lost. "The current approach – and the obvious retaliation that will occur in response – poses a serious risk of raising barriers and reducing Americans' access to vital global markets," Donahue wrote according to the Wall Street Journal, which reviewed the memo. "Our businesses will lose customers, workers will lose jobs, and American consumers will lose family income through higher taxes and higher prices."

Edited by kyle585 (06/01/1805:51 PM)

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Our village idiot at the White House will try to convince the public that he can bring back jobs but too stupid to understand the fact that technology is what is actually killing many jobs already. Maybe we can go back to burning coal adverse to utilizing solar and wind energy, while destroying factory robots.

Donald Trump is ’70s Man. He loves beauty pageants. He puts ketchup on his steak. And he thinks the surest signs of economic might are thriving smokestack industries churning out the raw materials for skyscrapers and locomotives.

Businesses and investors everywhere are on edge as Trump, himself a lifelong builder, is now attempting to translate his industrial-era economic worldview into action. Trump has promised to impose tariffs of 10% on all aluminum imports to the United States, and 25% on all steel imports. The stock market has wobbled on that news, and now Trump’s top economic adviser, former Goldman Sachs president Gary Cohn, has quit in frustration over Trump’s tariffs. Investors have viewed Cohn as the strongest bulwark against economic nationalism that could trigger damaging trade wars, and his departure will undoubtedly unnerve markets further.

“If you don’t have steel, you don’t have a country!” Trump tweeted, in all caps, on March 2. It’s also true that you don’t have a country, or at least a prosperous country, if you don’t have software, data centers, accounting firms and teachers. Yet Trump talks little, if at all, about the segments of the economy that are the biggest source of wealth and power these days. And he seems ready to risk damaging the economy to protect industries that represent a small and declining share of American production.

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Name the TV, computer and shoe stores in you town lucky strike, wait, what do you mean that these items are now toss away, thus eliminating thousand of jobs that once made America wealthy but greed sent those jobs overseas never to come back, well, unless you'll lie by saying that corporation will spend billions of dollars to relocate these factories back to the states.

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I know how to bring out the buffoonery of A Trump supporter.State Fact

There was a time when political parties stop and listen to one another's views and came up with compromised which enhanced our economy, society and family but in the last 2 years, we are relegated to lies and vitriolic behavior along with racism that has polarize our countryto the extent that accuracy and truthfulness is becoming values of the past while being replace with Trump supporters who's narrowed mindedness always peg the untruthful meter.

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I know how to bring out the buffoonery of A Trump supporter.State Fact

These new tariffs will hurt our state, our energy industry, our economy. Not only does Texas import more steel and aluminum than any other state in the country but our two largest trading partners are Mexico and Canada.

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I will stick my neck out and make a prediction. Trump will eventually walk away from the steel tariffs after cosmetic offers from EU etc., knowing that his base will have heard his posturing and disregard the subsequent moves.3:31 PM - 31 May 2018

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Canadian Prime Minster Justin Trudeau on Friday slammed the White House claim that it was imposing new tariffs on Canadian steel and aluminum to protect American national security interests.

"Our soldiers who had fought and died together on the beaches of World War II...and the mountains of Afghanistan, and have stood shoulder to shoulder in some of the most difficult places in the world, that are always there for each other, somehow — this is insulting to them," Trudeau said in an exclusive interview with "Meet the Press" moderator Chuck Todd.

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Just remember, when the tariffs take effect and you lose your job, it wasn’t the Democrats. It wasn’t the deep state. It wasn’t Clinton. It wasn’t Obama. It was Trump. Only Trump.351 replies 7,713 retweets 19,070 likes

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US voters will differ sharply on whether President Trump has 'made America great again,' but the economy over which he's presiding is undeniably on the upswing -- with several of his key policies playing essential roles in that comeback. The latest piece of data that fortifies America's renewed economic vigor is a surge in international competitiveness, as measured by a closely-watched annual ranking from a Switzerland-based think tank. Following tax reform's burst of hiring and growth, the United States has 'leapfrogged' back into the top slot (via Bloomberg):

The U.S. dethroned Hong Kong to retake first place among the world’s most competitive economies, thanks to faster economic growth and a supportive atmosphere for scientific and technological innovation, according to annual rankings by the Switzerland-based IMD World Competitiveness Center. The U.S., which reclaimed the No. 1 spot for the first time since 2015, scored especially well in international investment, domestic economy and scientific infrastructure sub-categories while earning below-average marks in public finance and prices. The renewed top ranking aligns with the positive U.S. growth narrative over the past year. Growth averaged 2.9 percent in the four quarters through March, versus 2 percent in the prior period.

Meanwhile, in addition to the fabulous May jobs report (which featured the lowest black unemployment rate ever recorded), US consumer confidence spiked to a 17-year high last month -- leading to a surge in consumer spending: "Americans’ spending gathered further momentum in April as incomes continued to rise, a sign consumers could drive stronger economic growth in the second quarter. Personal-consumption expenditures, a measure of household spending on everything from health care to magazines, increased a seasonally adjusted 0.6% in April from the prior month, the Commerce Department said Thursday. That was the largest increase in five months and above the 0.4% rise that economists...expected," the Wall Street Journal reports. The good news doesn't stop there. On President Trump's 500th day in office, Senate Majority Leader Mitch McConnell delivered a floor speech highlighting that more than one million American jobs have been created since the passage of tax reform:

"Since President Trump was elected alongside a Republican Congress, the number of Americans who say they’re optimistic about finding a good job has jumped by 25 percentage points. And small business owners report in record numbers that they’re optimistic about prospects of hiring new employees...But as impressive as some of these statistics may be, I think it’s important to keep in mind that these stories are -- at the end of the day -- human stories. More than one million new jobs have been created just since we passed tax reform last December. That’s not an abstract number...These aren’t just economic statistics. They are American men and women who have new chances to support their families and build their lives that they simply did not have under the policies of the previous administration. I’m glad we fought, won -- and will continue to win -- major accomplishments for the middle-class families we represent."

One million new jobs (and counting), a sizable portion of which the CBO attributes directly to the GOP tax law, which every single Democrat in Congress opposed -- making false, apocalyptic predictions to justify their hysterical, knee-jerk resistance. Like Hillary Clinton, they're being proven wrong by actual results, and they're responding with a 'repeal' tantrum. Repealing the tax cuts for middle class families (all income groups received a tax cut) would reduce incomes and hamper economic consequences. Repealing the business tax cuts, which restored American competitiveness, would claw back crucial progress on job creation and wage growth. It's not hard to tell that the robust economic news is now a source of alarm to election-minded Democrats. Here's tre hilarious spin:

A strong jobs report on Friday bolstered the GOP’s argument that the economy is humming under President Trump, raising Republican optimism for the midterms. The economy added 223,000 jobs in May, a bigger than expected number that was coupled with news that unemployment had fallen to 3.8 percent. It extends the good economic news for Trump and the GOP, which has seen a series of favorable jobs reports this year...The president’s party almost always loses congressional seats in the first midterm. At the same time, some acknowledge the economy could help the GOP. “I do think this is the single biggest challenge, by far, faced by the Democrats, and it will determine whether we pick up 30 seats or 50 seats,” Celinda Lake, a Democratic pollster, said of the economy. Democrats need to pick up 23 seats to win control of the House and two seats to seize the Senate. “We have to get ahead on the economy. We’re still behind today,” Lake added. Trump’s job approval rating has picked up this year, and the once-substantial lead that Democrats had on the generic congressional ballot has shrunk.

Why should voters trust Democrats on the economy? Their policies helped contribute to the 2008 meltdown, then choked what should have been a major bounceback with wasteful and destructive policies, leading to the slowest recovery since World War II. After that, they've railed against Republican-led progress, fighting it at every turn. If not for a unified GOP government, our economy would likely still be puttering along. Democrats see all this and wring their hands as Trump gets the credit, with 2018 polling moving accordingly:

5:56 PM - Jun 4, 20187246 people are talking about thisTwitter Ads info and privacyI know what you’re thinking, that his numbers are rising and the Dems’ are falling because of Friday’s dynamite jobs report. Not really the case, as it turns out. Here’s Trump, who’s at 44.6 percent today, a number he hasn’t touched since March 12 of last year...In reality, though, only two polls of Trump’s job approval have been conducted since the jobs report came out. One was Rasmussen, which had him at 48 percent but which normally has him several points higher than other pollsters do. The other was Gallup, which put him at a ho-hum 41 percent. His 44.6 percent number is built on a trifecta of polls that came out *before* the jobs report: Reuters, YouGov, and Harvard-Harris all had him at 44-45 percent. And the generic ballot? Not a single poll has been published about that since Friday...Democrats are down to 43 percent even, nearly a full point lower than their next-lowest tally of the Trump era.

A blue wave may yet crash down on the GOP (this distinction is important, and references the late breaker effect that propelled Republicans to a smashing win in 2014), but the roaring economy is unquestionably buoying the GOP's chances.

UPDATE - More promising economic developments, suggesting that America's already-strong trajectory has room for even more improvement:

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Brian Wesbury&#10004;@wesbury Job openings in the US now exceed the total number of unemployed by 352,000. New JOLTS data out this morning show 6.698 million job openings in April, while the total number of unemployed civilians was 6.346 million.

Now please address the reason that we have the highest rate of gun violence in our schools, why do we pay the highest healthcare premium compare to other countries? Why do we have the largest racial divide of most develop nations? Why does other countries possess the majority of scientists, engineers, technology genius? Seeing that you possess neither wealth or education, I think that your name failed to make this list of common wealth and education among American citizens. Yes you're just that gullible.

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I know how to bring out the buffoonery of A Trump supporter.State Fact

It's hilarious to watch you mimic trump who is currently embarrassed by the Philadelphia Eagle cancelling an appearance due to his racism. Presently he's touting the economy as we speaks but (Looking around) no Eagle player came to hear it. Please note a fact for you dullards, no Eagle player took a knee this past season yet FOX News embarrassed themselves by offering a picture of a teammate praying for an injured player...how low can you go? A rich White man with no friends or ethics, maybe his endeavors are to take you working stiff's money and give that to other rich White men. You've mentioned the term Capitalism?

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I know how to bring out the buffoonery of A Trump supporter.State Fact

The Democrats said it couldn’t be done. Former President Obama said it takes more than waving a magic wand when it comes to job creation, which is rich because he was no wizard at job creation. With President Trump, jobs are being created. So many jobs—you won’t believe how many jobs. Three million since he was elected. Now, with a solid May jobs report—223,000 jobs created—behind him, the experts are coming around to the conclusion that the Trump economy is not just robust, but “unstoppable. Second quarter growth is projected to be anywhere between 3.6 and 4.6 percent. Put that in your pipe and smoke it (via CNBC):

In the face of persistent fears that the world could be facing a trade war and a synchronized slowdown, the U.S. economy enters June with a good deal of momentum.

Friday's data provided convincing evidence that domestic growth remains intact even if other developed economies are slowing. A better-than-expected nonfarm payrolls report coupled with a convincing uptick in manufacturing and construction activity showed that the second half approaches with a tail wind blowing.

"The fundamentals all look very solid right now," said Gus Faucher, chief economist at PNC. "You've got job growth and wage gains that are supporting consumer spending, and tax cuts as well. There's a little bit of a drag from higher energy prices, but the positives far outweigh that. Business incentives are in good shape."

The day started off with the payrolls report showing a gain of 223,000 in May, well above market expectations of 188,000, and the unemployment rate hitting an 18-year low of 3.8 percent.

Then, the ISM manufacturing index registered a 58.7 reading — representing the percentage of businesses that report expanding conditions — that also topped Wall Street estimates. Finally, the construction spending report showed a monthly gain of 1.8 percent, a full point higher than expectations.

[…]

Already, the Atlanta Fed's GDPNow tracker sees the second quarter rising by 4.8 percent. While the measure also was strongly optimistic on the first quarter as well, at one point estimating 5.4 percent growth, other gauges are positive as well. CNBC's Rapid Update, for instance, puts the April-to-June period at 3.6 percent.

So, yeah—passing that tax reform that has already benefitted over three million workers was terrible. The jobs numbers are awful. Of course, this is what Democrats think. They’re so engulfed in Trump Derangement Syndrome. They’ve become immobile. They looked at the initial poll numbers for the tax reform package. Yes, they were bad, but everyone knew they would get better. When the bonuses were doled out—averaging $1,000 and in some cases, $3,000, to workers, the polls shifted. Over 250 companies have benefitted from this bill. It’s created a better job-creating and investing climate. Small business and consumer confidence levels are at record highs. The president’s approval rating has been ticking up. The generic ballot advantage Democrats had over Republicans has shrunk to single-digits. And now, from the Labor Department, “For the first time on record, the number of American job openings exceeds the number of job seekers.”

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Saagar Enjeti&#10004;@esaagar Department of Labor: "For the first time on record, the number of American job openings exceeds the number of job seekers"

11:41 AM - Jun 5, 2018445336 people are talking about thisTwitter Ads info and privacyLove him or hate him, President Trump is getting the economy back on track and if we have to bulldoze Democrats to keep it going, then so be it. Get out of the way, liberals. The Trump train has no time for your nonsense.

Speaker of the House Paul Ryan came out in opposition to President Trump's decision to move ahead with tariffs on steel and aluminum imports from the European Union, Canada and Mexico, saying the move "targets America's allies when we should be working with them to address the unfair trading practices of China."

Ignorance isn't bliss once the downside of overspending and deregulation comes into play. A few trump supporters are bragging about the economy that Obama built but their ignorance is directed toward the same policies and actions that relegated Obama to rectify the problem his predecessor created Which BTW happen be another dullard Republican president. Like I asked cwjga, where is your enriched life since trump came into office being that the fool gives all his "increases" to the "TRUMP" foundation

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I know how to bring out the buffoonery of A Trump supporter.State Fact

Those of us with common sense and mathematics skills understand this simple fact, whatever China/Mexico pay to us in tariffs, they recoup the cost by surcharging us, for the simple minded son, who ultimately pay?

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I know how to bring out the buffoonery of A Trump supporter.State Fact

Putting America First Has Made USA No. 1 Stephen Moore Stephen Moore |Posted: Jun 12, 2018 12:01 AM The opinions expressed by columnists are their own and do not represent the views of Townhall.com.

The left is quickly running out of excuses for why Donald Trump's economic policies have caused a boom rather than the bust that they predicted with such great certainty.

Last year, when the U.S. economy began to percolate with faster growth, the media and other Trump haters argued that this simply reflected a pickup in worldwide growth: Trump was riding the wave of what economists were calling "synchronized growth."

But now what do they have to say? The latest indicators are that, as a Wall Street Journal headline reported on June 3: "Global Economic-Growth Story Fades." Japan's growth rate is estimated to have slowed to slightly negative in the first quarter. The European Union was at an anemic 0.4 percent. The pace of global growth is expected to be much slower over the next two years, according to the World Bank and the International Monetary Fund.

Then there is the outlier: the United States. Here at home, growth is sizzling. Almost all economists now predict a growth rate of above 4 percent for the second quarter of 2018, and Dan Clifton of Strategas, one of the best forecasters of recent times, believes we may hit 5 percent later this year. He points to the surge of investment capital flowing into the United States and how the increased business spending points to several more quarters of this torrid growth. Meanwhile, the rest of the world treads water.

So much for synchronized swimming.

Then there is the argument that Trump's policies have nothing to do with the American prosperity burst. Politico's economics reporter recently published a column insisting that the "GOP tax cut is not why (the) economy is booming." He contemptuously added, "Economist are rolling their eyes at candidates' claims (that Trump's policies inspired faster growth)." Which economists?

As it happens, this is the same gang that was dead wrong about the likelihood of growth in the first place. Now they argue that the tax cuts are just kicking in and can't account for the increased economic activity. But this ignores the anticipatory effect: Businesses are anticipating the tax bill's lower rates on their profits and investments and making decisions accordingly.

Whatever the cause, it is undeniable that America has a new spring in its step. After a decade of malaise, the American economy is the envy of the world today. A recent Bloomberg article reports: "The U.S. dethroned Hong Kong to retake first place among the world's most competitive economies, thanks to faster economic growth and a supportive atmosphere for scientific and technological innovation, according to annual rankings by the Switzerland-based IMD World Competitiveness Center."

But the ultimate judges of all this are the American people -- the voters. They know something big is going on here.

In the years before the 2016 election, about 3 in 10 voters described the economy as good or great. This year, 7 in 10 do. That surge in optimism began immediately after Trump's election and hasn't subsided. The same trend is true for the confidence of small businesses and manufacturing businesses. Up, up and away.

Perhaps the best news of all is to think that maybe Trump's critics are right that the economic thrust from the tax cut hasn't even kicked in yet. If that's true, then buckle up, because we're in for a hell of a ride.

A little tidbit of reality, America has been #1 for decades, why do you think immigrants come here? but in the last 18 months our credibility as decent neighbors to Canada, Europe etc. has taken a huge hit due to your boy Donald J. Trump extraordinaire, you know, the master of destruction, 3500 lies, turning Washington upside down and inside out, so if you find these attributes to be redeeming, you just confirm what we smart Liberals knew all along, it doesn't take much to impress some people and their expectations are so low that a senior in high school has a better deposition and intelligence to run this country far greater than Trump.

If there is one field where the liberal news media gets all paranoid and totally out of control, it’s foreign policy in the age of Trump. The president is going to start a nuclear war because he tweets. Did anyone really believe that who wasn’t an addict of MSNBC (or is it MSDNC)? He’s not a madman. In fact, President Trump was given much credit by South Korea for brining North Korea to the negotiating table. Discussions about denuclearization and a peace treaty to end the Korean War were also discussed. Kim Jong-un, the murderous dictator of North Korea, also ventured onto South Korean soil to meet President Moon Jae-in, a first since the end of the Korean War. No nuclear war started. At the G-7 Summit in Quebec, yeah—there was some consternation about President Trump’s anti-Obama attitude towards the whole conference. Europe’s balking at U.S. trade policy, which includes tariffs, is a significant point of contention. Long story short; Trump threw a grenade into the dojo of the liberal international order.

If there is also one field for the elite, the condescending slice of America’s academics who were laid waste in 2016, to gripe and moan about the president, it’s foreign policy. The Atlantic’s Jeffrey Goldberg wrote a piece about what’s emerging as the Trump Doctrine, which has so far been amorphous and unable to be described. That’s partially how the president wants it, but it could be summed up in three words: “we’re America, bitch,” though this was one of three summations he could best describe after speaking with experts in this field—and with Trump officials:

The Brookings Institution scholar (and frequent Atlantic contributor) Thomas Wright argued in a January 2016 essay that Trump’s views are both discernible and explicable. Wright, who published his analysis at a time when most everyone in the foreign-policy establishment considered Trump’s candidacy to be a farce, wrote that Trump loathes the liberal international order and would work against it as president; he wrote that Trump also dislikes America’s military alliances, and would work against them; he argued that Trump believes in his bones that the global economy is unfair to the U.S.; and, finally, he wrote that Trump has an innate sympathy for “authoritarian strongmen.”

[…]

The third-best encapsulation of the Trump Doctrine, as outlined by a senior administration official over lunch a few weeks ago, is this: “No Friends, No Enemies.” This official explained that he was not describing a variant of the realpolitik notion that the U.S. has only shifting alliances, not permanent friends. Trump, this official said, doesn’t believe that the U.S. should be part of any alliance at all. “We have to explain to him that countries that have worked with us together in the past expect a level of loyalty from us, but he doesn’t believe that this should factor into the equation,” the official said.

The second-best self-description of the Trump Doctrine I heard was this, from a senior national-security official: “Permanent destabilization creates American advantage.” The official who described this to me said Trump believes that keeping allies and adversaries alike perpetually off-balance necessarily benefits the United States, which is still the most powerful country on Earth. When I noted that America’s adversaries seem far less destabilized by Trump than do America’s allies, this official argued for strategic patience. “They’ll see over time that it doesn’t pay to argue with us.”

The best distillation of the Trump Doctrine I heard, though, came from a senior White House official with direct access to the president and his thinking. I was talking to this person several weeks ago, and I said, by way of introduction, that I thought it might perhaps be too early to discern a definitive Trump Doctrine.

I asked this official to explain the idea. “Obama apologized to everyone for everything. He felt bad about everything.” President Trump, this official said, “doesn’t feel like he has to apologize for anything America does.” I later asked another senior official, one who rendered the doctrine not as “We’re America, Bitch” but as “We’re America, Bitches,” whether he was aware of the 2004 movie Team America: World Police, whose theme song was “America, F**k Yeah!”

“Of course,” he said, laughing. “The president believes that we’re America, and people can take it or leave it.”

Donald J. Trump&#10004;@realDonaldTrump Sorry, we cannot let our friends, or enemies, take advantage of us on Trade anymore. We must put the American worker first!

Goldberg adds that Wright’s analysis was “prophetic,” as Trump is supposedly cozying up to strongmen, which, by the way, is not an unprecedented move in American foreign policy history. He also notes that maybe there is some inherent quality to it, though Goldberg also says that there’s a delusional aspect to it in the sense that it could end up weakening America by “demoralizing freedom-seeking people around the world.”

This isn’t shocking. America First—how many times was that said on the trail, the inauguration, and even in some speeches today? There’s a new sheriff in town. He’s not Obama. He’s a cheerleader for the nation, and yeah—it’s a take it or leave it proposition. I don’t mind this. I don’t mind “we’re America, bitch.” The country wanted a bomb thrower, someone who would shake the system. That is Donald J. Trump. It’s also an easily marketed and understood message to his base. Let’s coast with this. I don’t mind bonfires. I like watching things burn from time to time and Europe should be wary of trying to go at it alone.